7040 N Leonard ST, Portland, OR 97203
- $1,370,000
- Sold Price
- $1,370,000
- List Price
- $1,419,900
- Closing Date
- Oct 31, 2025
- Days on Market
- 155
- MLS#
- 722164230
- Property Type
- Multifamily
- Lot Size
- 3, 000 to 4, 999 SqFt
- Region
- Portland North
- Status
- SOLD
Property Description
Exceptional Four-Unit Investment Opportunity in the Heart of St. Johns. Located in one of Portland’s most vibrant and scenic neighborhoods, this thoughtfully designed fourplex offers modern living, strong rental potential, and a rare opportunity to own a quality-built multifamily property in a prime location. Each unit features an open-concept Great Room layout with soaring ceilings and large windows that provide abundant natural light and a spacious feel. High-end finishes include stainless steel appliances, solid surface countertops, tile backsplashes, custom cabinetry, and open shelving in the kitchens. Units also offer a convenient half bath on the main level, with two bedrooms and two full bathrooms upstairs—including a private ensuite in each primary bedroom. All units enjoy access to a fenced-in patio space and one unit with a large shared backyard—ideal for tenants who value outdoor living, gardening, or pet-friendly amenities. Situated near Cathedral, Northgate, McKenna, St. Johns, and Pier Parks, and just across the St. Johns Bridge from Forest Park, this property is surrounded by popular local businesses including John Street Café, Two Stroke Coffee, The Fixin’ To, and top neighborhood breweries. Built by a respected local Street of Dreams builder, this property will be an excellent addition to any investment portfolio with strong rental appeal, quality construction, and a location tenants will love.
Additional Information
- Year Built
- 2025
- High School
- Roosevelt
- Elementary School
- James John
- Middle School
- George
- Stories
- 2
- Subdivision
- St Johns
- Terms
- Cash, Conventional, FHA
- Cooling Description
- Mini Split
- Fuel Description
- Electricity
- Heating Description
- Mini Split
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- View
- Trees/Woods
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 3
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2750
- Unit Type One Sq Ft
- 948
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 3
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 2
- Unit Type Three Baths Total
- 3
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 2750
- Unit Type Three Sq Ft
- 896
- Unit Type Three Units Total
- 1
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Listing courtesy of Keller Williams Realty Portland Premiere. Selling Office: Premiere Property Group, LLC.
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